Refer to the data provided in Exercise 2-18. Required: 1. What was the cost of goods sold

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Refer to the data provided in Exercise 2-18.

March 1 March 31 Materials $8,600 1,700 7,000 $2,300 9,000 Work in process Finished goods 6,500

Required:
1. What was the cost of goods sold for March?
2. Why was the cost of goods sold different from the cost of goods manufactured?

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Cornerstones of Managerial Accounting

ISBN: 978-0176530884

2nd Canadian edition

Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman

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Question Posted: Nov 30, 2017 09:16 AM

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Refer to the data provided in Exercise 2-18. Required: 1. What was the cost of goods sold

Question:

March 1 March 31 Materials $8,600 1,700 7,000 $2,300 9,000 Work in process Finished goods 6,500

Step by Step Answer:

Cost of goods manufactured 69000 Add Finished goods March 1 7000 Les...View the full answer

Cornerstones of Managerial Accounting

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